For example, if you own a house in Beijing and buy two houses, the interest rate of provident fund loans is 1 1 times the benchmark interest rate of 325%, which is 35.75%. Judging from the provident fund loan policy, if the borrower uses the provident fund to purchase the first set of housing, he may not apply for a provident fund loan to purchase the second set of housing before paying it off; Only when the previous housing loan is paid off can the provident fund loan be used again. At the same time, it will not be regarded as the second house, but still be regarded as the first house according to its policy, with a down payment of 20% and the interest rate as the benchmark interest rate.
The difference between provident fund and social security is as follows:
1, different in nature and purpose: social security is to protect the basic needs of employees, including old-age insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Provident fund is to help employees accumulate funds to improve their living conditions, including housing, renting and other expenses.
2. Different ways to bear the expenses: social security expenses are shared by individuals and units, with the unit paying part and the individual paying part. The expenses of the provident fund shall be borne by individuals, and no unit or individual may use it for other purposes.
To sum up, although provident fund and social security are the protection of employees' rights and interests, their functions and uses are different. Social security mainly includes five types of insurance, which are used to provide basic living security and corresponding medical care, unemployment, work injury and maternity protection; The provident fund is mainly used for housing security such as employees' purchase, construction, renovation and overhaul of self-occupied housing. These two systems are different, but they are both set up to protect the rights and interests of employees.
Legal basis:
People's Republic of China (PRC) social insurance law
first
In order to standardize the social insurance relationship, safeguard the legitimate rights and interests of citizens to participate in social insurance and enjoy social insurance benefits, enable citizens to enjoy the fruits of development and promote social harmony and stability, this Law is formulated in accordance with the Constitution.
second
The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law when they are old, sick, injured, unemployed and have children.